Gannett Beats, Profit Dips
Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s one of the largest-selling daily newspaper USA Today, recently posted fourth-quarter 2011 results. The quarterly earnings of 72 cents a share beat the Zacks Consensus Estimate of 69 cents, but dropped 13.3% from last year’s 83 cents, reflecting a slump in publishing and political advertising demand [...]
Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s one of the largest-selling daily newspaper USA Today, recently posted fourth-quarter 2011 results. The quarterly earnings of 72 cents a share beat the Zacks Consensus Estimate of 69 cents, but dropped 13.3% from last year’s 83 cents, reflecting a slump in publishing and political advertising demand as well as a marginal fall in circulation revenue.
However, effective cost management provided some cushion to the bottom-line. Operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards